Message from Rod Clough, President - HVS Americas

Our world will descend on Phoenix next week for what is sure to be another extraordinary Lodging Conference. I'll be speaking on the main stage during Speed Stats (Part I) at 8:15 AM on Tuesday, followed by a more in-depth session at 11:15 that morning. HVS Managing Director Luigi Major will be moderating the panel titled Independent and Soft Brands: What is the Best Strategy for Your Hospitality Investment? on Wednesday at 11:30 AM. Come listen in and join the conversation. 

We'd love to connect with you there! In attendance will be our Phoenix Office Director Zabada Abouelhana, Eric Guerrero and Josh Williams from our Brokerage & Advisory team, Marcus Lee from our Asset Management & Advisory team, and Alice Sherman from our Executive Search division. 

Calling all Cornell grads attending Lodging! Join your fellow Hotelies in Suite 5250 on Tuesday, October 5, from 5–6:30 PM.

Linked below is our updated national occupancy and ADR forecast and outlook, as well as other great resources, like the 2024 HVS U.S. Lodging Tax Report, and market updates. Don't forget to try our new TrendTrack CompSet forecast report as well.

Safe travels and see you next week!

In Partnership,

Rod Clough, MAI

President, HVS Americas

Industry Insights

September 2024 Hotel Industry Outlook: Anticipating Accelerated Growth

Lower inflation, continued job creation, and the anticipated benefits of the recent cut in the federal funds rate provide a foundation for optimism about the U.S. economy. In the lodging sector, as different markets and segments continue to post varying results, we anticipate the overall trend of positive, albeit muted, growth to persist in the near term.

2024 HVS Lodging Tax Report - USA

This 14th annual HVS Lodging Tax Study presents comprehensive data on city, state, and special district lodging and sales taxes imposed on lodging sales. We provide historical data on tax rates and the collection and distribution of revenue from lodging taxes levied in all 50 states and the 150 largest U.S. cities.

A Brief Guide to Maximizing the Marketing and Buyer Activity of Your Hotel Listing

Essential strategies for hotel owners to attract buyers and lead to a successful sale of their asset include partnering with the right broker, providing thorough and precise financial records, and adapting to market feedback. This approach streamlines the sales process, builds buyer trust, and helps achieve a successful transaction.

HVS Product Innovation

Maximizing Hotel Success:

The Crucial Role of Budgeting and Forecasting with TrendTrack CompSet

The importance of the budgeting process goes beyond financial planning for hotel assets—forecasting helps hotel managers optimize revenue management, manage staffing levels, invest in marketing strategies, and enhance customer experience. By leveraging tools like TrendTrack CompSet, hotel operators can better prepare to manage the intricacies of hotel operations and anticipate market fluctuations. Our tool leverages historical data and market trends and uses predictive modeling to develop an 18-month occupancy and ADR forecast. Our in-house team of local experts then analyzes those results, providing qualitative insight into our projections. TrendTrack CompSet embraces the power of data analytics while leveraging human insights, which are crucial to the complex process of hotel budgeting.

Current Market Outlook Reviews

Hotel Performance Outlook for Denver: Growth Picking Up through 2026

This article discusses recent trends and our outlook for the Denver hotel market for the next two years, with modest growth expected to resume in 2025.

Downtown San Antonio, TX: Building for the Future

San Antonio has long been steeped in tradition and culture, with the city home to numerous historical landmarks such as the Alamo and the River Walk. However, Downtown San Antonio is in the midst of growth and modernization, led by new hotel development.

An Overview of San Francisco’s Prolonged Recovery

Since the COVID-19 pandemic, San Francisco has been navigating a difficult recovery affected by multiple issues, from safety concerns to a weak convention calendar. However, the long-term outlook remains cautiously optimistic given the growing presence of AI companies and major sporting events planned for 2026.

Hotel Investment Opportunities: Brokerage Listings

Brokerage & Advisory Hotel Listings

Are you looking to acquire or sell hotels? We can help with an array of asset opportunities and financial solutions tailored to meet your specific needs. Despite a slower transaction market, our team continues to create a competitive marketplace for our listings from a nationwide buyer pool. Twenty transactions closed last year, with buyers from across the country. We have several more hotels under contract and over twenty active listing engagements. 

CHICOS 2024 Countdown: We are six weeks away!

November 13–15 in Barbados

This year's conference will take place in beautiful Barbados at the brand-new Wyndham Grand Barbados Sam Lord's Castle All Inclusive Resort over November 13–15. As the premier event in the region, CHICOS promises to deliver opportunities for networking and knowledge sharing. In partnership with Barbados Tourism Marketing Inc., we look forward to welcoming our attendees for an unforgettable experience in Barbados.

MexHIC 2025: Save with Early-Bird Registration before November 30

HVS MexHIC, the leading hotel investment conference in Latin America, is pleased to announce its 14th annual event, to be held at the Live Aqua Ciudad de México, Bosques de las Lomas, on February 6, 2025. The conference will bring together hotel owners, investors, developers, operators, and consultants from across the region and beyond. You will have the opportunity to network with industry leaders, learn from experts, and discover new opportunities in the Latin American hotel market. We look forward to seeing you at HVS MexHIC 2025!

HVS Information Alert!

Press Releases

• HVS Launches TrendTrack CompSet, a Hospitality Econometric Modeling Tool Designed to Help Clients Make More Informed Hospitality Decisions
• HVS Brokerage & Advisory Closes Sale of Marina Inn & Suites Chalmette-New Orleans

Speakers

• Rod Clough, MAI at The Lodging Conference
• Luigi Major, MAI at The Lodging Conference
• Christian Cross at the HFTP Annual Convention
• John Lancet at the 8th Annual Real Estate Hotel Investment Forum
• Kristina D'Amico at the Caribbean Hotel Investment Conference & Operations Summit 2024 (CHICOS)
• John Lancet at the Caribbean Hotel Investment Conference & Operations Summit 2024 (CHICOS)
• Parris Jordan at the Caribbean Hotel Investment Conference & Operations Summit 2024 (CHICOS)
• Marcus Lee at INSPIRE Luxury Hospitality Conference

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